REX Shares Files for Ethereum and Solana Staking ETFs
- Lyla Velez
- May 31, 2025
Key Points:
- REX Shares proposes staking ETFs for Ethereum and Solana.
- James Seyffart comments on the unique fund structure.
- Potential boost in institutional demand for ETH and SOL.
REX Shares has filed to launch Ethereum and Solana exchange-traded funds (ETFs) with staking features in the US market. The filing, announced by Bloomberg ETF analyst James Seyffart, suggests a launch in the coming weeks.
These ETFs could redefine US digital asset investment products by offering direct exposure to staking rewards. The funds, structured as C-corporations, utilize Cayman Islands subsidiaries, paving the way for institutional engagement.
The move by REX Shares involves creating C-corporations to manage investments in both Ethereum and Solana using wholly owned Cayman Islands subsidiaries. The strategy introduces staking as a yield-generating mechanism in ETFs.
“BIG NEWS: @REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process.”
— James Seyffart, ETF Analyst, Bloomberg
REX Shares’ filing may increase institutional demand for Ethereum and Solana, impacting market liquidity and staking rates. The ETFs will employ a management fee of 0.75%, and estimated first-year expenses are expected to be about 1.28% of assets.
The Securities and Exchange Commission has allowed the prospectus filing under the 40-Act, avoiding the more common 19b-4 process for ETFs. The funds are set for Nasdaq listing, and trading could initiate soon.
Market dynamics could shift as institutional inflows adjust to the new ETF structure. While not confirmed, historical precedents show such moves typically encourage wider market adoption for related cryptocurrencies and decentralized finance protocols.
Potential effects include changes in Ethereum and Solana’s market roles, with notable impacts on DeFi protocols and staking providers. Establishing these ETFs represents a significant milestone in integrating digital asset yield opportunities into traditional markets.
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